Cairo - Mubasher: The Egyptian Exchange (EGX) ended Tuesday’s trading session in red, pressured by the selling activity of Arab and foreign investors.
The main index EGX30 lost 1.71% or 140.55 points, and closed at the level of 13,717.53 points.
The equal-weighted index EGX50 declined by 1.19% to 2,115.55 points.
Similarly, EGX70 went down by 1.51% and closed at 669.21 points, while the broader index EGX100 decreased by 1.58% to 1,544.62 points.
The market capital rose by 8.64 billion, and closed at EGP 707.99 billion.
Traded volumes reached 422.2 million shares, with a total value of EGP 1.4 billion, through 30,300 transactions.
Foreign and Arab investors were inclined towards selling with a net EGP 12.7 million, and EGP 254.3 million, respectively, while Egyptians were net buyers at EGP 267 million.
Ezz Steel led the declining blue chip stocks and fell 10%, followed by Domty and Madinet Nasr Housing with 5.58% and 5.33%, respectively.
Heavyweight Commercial International Bank - Egypt (CIB) slipped 2.81% to EGP 85.9.
Only four of the blue chip stocks went up, namely Telecom Egypt, Palm Hills, Pioneers, and Eastern Company, gaining 1,15%, 0.31%, 0.22%, and 0.03%, respectively.